Comments on: Credit Cards ~ They Don’t Work For Us!

By: Somebody's Mimi

Somebody's Mimi — Fri, 09 May 2008 14:21:23 +0000

When we were first married (1968) soon after we got a GOLD American Express card… how impressed everyone was that this cute young couple had a GOLD American Express… then we got a Master Card, Diners Club, Visa… and had all the store credit cards as well! Oh it was sooooo much fun. Then it hit and we had to pay them all off, what a job that was… we didn’t have Dave Ramsey to show us the way (I think he was probably learning a lot at that time also). We could have done much better with our finances if we would have had Dave Ramsey!! But we survived and own everything we have (which you can go overboard here too)… except our house which at this time is cheaper to rent than purchase. Hopefully people will follow your lead and save themselves a lot of grief. Spend and save the green and throw away the plastic!! Life is stress free and more enjoyable.
RESPONSE TO CANDACE: I’m not sure debit cards replace cash, BUT for a woman getting gas they sure are SAFER! But we get less exercise (because we don’t walk in and pay). Ciao, girls!

By: candace

candace — Wed, 07 May 2008 19:06:08 +0000

I use a debit card. Do you think this is a bad idea too?
When people talk about credit cards, does that mean debit cards as well?
I always seem to misplace cash. Plus, it is so much easier to pay for gas.

By: One Mom, Five Kids

One Mom, Five Kids — Wed, 07 May 2008 17:14:14 +0000

Yup – I agree with you. Although I’ve never had a credit card – I don’t want one. Hubby got rid of his shortly after we got married – and we have done very well for ourselves without them.

By: ames

ames — Wed, 07 May 2008 14:29:24 +0000

Very sage advice. My credit card is such a ball and chain, and I know the cash back I’m earning is ridiculous compared to what it’s costing me. Even so, I panic a little at the thought of not having that line of credit available in case of an emergency. Good job paying off the loans!

By: Mary aka Canadagirl

Mary aka Canadagirl — Wed, 07 May 2008 14:12:53 +0000

Thank you so much for writing this. I will apply this from now on. Your discription made it soooooo clear. It is amazing how it is a trap when you don’t even know. ((sigh)) This has been a bad month for car repairs. (((doubble sigh))) I really don’t want to be indebt at all. I want to find a solution and this is going to be one for sure.

Blessings and ((hugs)) my SSiC
In Him<
-Mary

By: Journeyer

Journeyer — Wed, 07 May 2008 11:42:08 +0000

This is exactly the situation we were in and the route we are now taking. We cancelled our cards 2 months ago. It is sooo scary knowing there’s no “bail out” if you overspend. The big plus is we’ve saved more in these last 2 months than we would have in 12 months had we been using credit cards.

Well done on paying off your student loan and mega-boosting your savings!

By: Angie @ Many Little Blessings

Angie @ Many Little Blessings — Wed, 07 May 2008 05:04:49 +0000

Thanks for the new spin on the credit card issue. It was interesting how you pointed out that even if you are paying it off every month, it can still be a problem.

By: Susan

Susan — Wed, 07 May 2008 04:12:41 +0000

Thanks for sharing this. Funnily enough, I wrote about credit cards today too. They don’t work for me either!